Economics, Econometrics and Finance
8 years ago

Public Goods Provision Worsens Poverty Across Regions, Shocking Study Reveals

Regional Science and Urban Economics
Immiserizing growth with interregional externalities of public goods
Toshihiro Ihori

Paper Summary

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The article discusses how providing public goods differently in different regions can lead to a surprising outcome called immiserizing growth. This means that even though the economy is growing, people may end up worse off. The researchers found that when public goods have different effects in different areas, the overall welfare impact can be the opposite of what is expected. This is different from how pure public goods or private goods work.